understanding the power of the first thing we’ll require to do is comprehend dns here…Unstopble…
using examples so that’s precisely what we’re going to be utilizing to assist you comprehend dns so dns represents domain name service which is a fancy method of stating that it is an useful service which permits us human beings to key in human legible addresses into the search bar and then it will instantly turn them into device understandable addresses so most of you are most likely familiar with ip addresses and those are exactly how a computer system at one end of the web knows how to talk specifically to another computer somewhere else and not just scream it into the void that is the web when you key in google.com and you struck enter your computer sends out a message to your internet service provider stating yo where’s google the internet service provider discovers and goes to where google is tells them
that you are looking for them and then grabs a package back to send out to you now the package is then unpacked by your computer system to show you the entirety of the google.com web page utilizing complex math and software all of this communication happens behind the scenes but to you it’s simple and easy to use in fact if we needed to type in 22.214.171.124 into the url bar instead of google.com a lot more people would be confused right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet since it makes sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is basically the very same thing that i just mentioned other than it’s for ethereum ens means
ethereum name service and practically lets me tell you that whiteboardcrypto.eth is my wallet address so you can merely type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel feel free to leave a like below it’s totally free and it rewards all our hard work on this video and the past hundred that we’ve been truly hard at work producing however anyways if you’re not used to understanding the alternative to sharing whiteboard crypto.eth with someone is i ‘d have to share them this i can’t inform somebody that and i couldn’t reliably type that into a computer you need to copy and paste it which is essentially what ens does is translate
As you likely already know, crypto transactions are irreversible. When you send out character, ridiculously long ERC-20 address and heaven forbid you mess up one character, you could be sending your preciousinto oblivion never to be seen once again. We all know the painstaking moments between when you send out crypto, to when it reaches the location, praying to the that the address was right.
The reverse is likewise true, say somebody wishes to send you some and they ruin even a single digit, good luck inquiring to resend more after they simply lost their funds. This is hugely problematic, especially if you are trying to run a company and are relying on payments, with your consumers all running the risk of entering your receiving address improperly.